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Computacenter (LON:CCC) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Computacenter logo with Computer and Technology background

Computacenter plc (LON:CCC - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,340.34 ($31.96) and traded as high as GBX 2,478 ($33.84). Computacenter shares last traded at GBX 2,270 ($31.00), with a volume of 202,446 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 2,425 ($33.11) price objective on shares of Computacenter in a report on Tuesday, March 18th.

View Our Latest Research Report on Computacenter

Computacenter Stock Up 0.1%

The firm has a market capitalization of £2.41 billion, a P/E ratio of 15.20, a PEG ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The stock has a 50 day moving average of GBX 2,524.02 and a 200-day moving average of GBX 2,340.34.

Insider Activity

In related news, insider Michael J. Norris sold 2,967 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of GBX 2,544 ($34.74), for a total transaction of £75,480.48 ($103,073.17). 36.41% of the stock is currently owned by company insiders.

Computacenter Company Profile

(Get Free Report)

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations. We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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